Solana Drops to $80: Whales Accumulate Amid Potential for Further Pullback to $67

As Solana (SOL) falls to just over $80, some analysts are suggesting that the price could further adjust to around $67. While the current price movements indicate a bearish trend, on-chain data reveals different signals.

Key Takeaways

Solana (SOL) has dropped to just over $80, with potential for further decline to around $67.
Recent movements by large wallets indicate accumulation and long-term holding rather than short-term selling.
Institutional interest in the Solana ecosystem remains strong despite current price weakness.
The meme coin sector, particularly projects like MaxiDoge, is attracting investor interest and funding.

Solana Price Movement

On February 22, 2026, a large wallet that had been inactive for approximately five months transferred 50,000 SOL (valued at around $4.25 million) to an external wallet from exchanges Binance and Bybit. This significant outflow from exchanges during a price decline suggests that the assets are likely being held for long-term storage rather than being sold quickly.

Currently, SOL is trading at approximately $86.67.

Solana Trading Price

Whale Activity Amidst Price Declines

This occurrence isn't an isolated event. Another whale wallet recently withdrew the entire 50,000 SOL it held from an exchange and has since staked it. Staking involves locking up assets for a set period to earn rewards, indicating a low likelihood of selling in the short term.

$SOL trying to rebound from key support
SOL followed a clear downtrend, but now price is sitting on a strong base after a long consolidation. Support is getting defended again with an early rebound structure forming here.
#Tradingview pic.twitter.com/FU5G0WcOT4
— BitGuru 🔶 (@bitgu_ru) February 23, 2026

Market analysts believe that the movements of these whales reflect either a strategic accumulation during a correction phase or a long-term positioning strategy. Historical trends show that prominent altcoins like XRP often experience rebounds following periods when exchange holdings decrease significantly.

Experts note that "while macroeconomic uncertainties and signals from the Federal Reserve can amplify short-term price volatility, large investors are already positioning themselves for the next cycle."

Institutional Interest in the Solana Ecosystem Perseveres

Despite Solana's recent downturn, interest from institutions and developers regarding the network remains strong. The platform's fast transaction speeds and low fees are attractive for various applications in DeFi, NFTs, gaming, and payment infrastructures.

Market observers suggest that "the influx of whale capital likely prioritizes the network's fundamentals and long-term growth potential over immediate price fluctuations." It is essential to analyze ecosystem indicators alongside short-term volatility.

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Capital Movement in the Meme Coin Market

In addition, there is growing interest in new projects within the Solana-based meme coin sector. Notably, MaxiDoge has successfully raised over $4.6 million during its presale phase, attracting investor attention.

Notifications pinging rn. pic.twitter.com/ehlJvQqpX6
— MaxiDoge (@MaxiDoge_) February 20, 2026

MAXI offers a low entry price of $0.0002805 and focuses on an aggressive meme concept. It can be purchased with ETH, BNB, USDT, or USDC, and offers an annual percentage yield (APY) of approximately 68% for staking participation.

Experts stress, "The meme coin space is notably volatile. However, during market recovery phases, capital inflow tends to accelerate. Therefore, meticulous risk management is crucial given the high-risk, high-reward characteristics of this sector."

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